Why so much microcode? The basic operations and addressing modes took 250 micro-instructions; the other 3.7K implemented floating point and the "sophisticated object-oriented functions" of the system. The 432 was one of the first to use IEEE-754 floating point, still used today.
Binary decoders select rows and columns in the ROM. Each column matches a binary number: 0000, 0001, 0010, etc. The boxes indicate transistors, attached to a 0 or 1 line. The low-bit transistors (red) alternate every column, orange alternate every two columns, etc.